Platform Partners Completes Investment in Principle Health Systems, LLC
Summary
HOUSTON, Jan. 3, 2023 /PRNewswire/ -- Platform Partners LLC ("Platform"), a private investment company headquartered in Houston, announced that it completed an investment in Principle Health Systems, LLC ("Principle"), a leading healthcare services provider specializing in premium laboratory testing and pain management.Founded in 2016, Principle is one of the fastest-growing laboratory service providers in Texas with a focus on providing a full suite of testing capabilities for the long-term care industry and other healthcare providers with unparalleled customer service. "We are excited to partner with the founding management team of James Dieter, Chris Light and Brian Langen and appreciate the trust they have put in Platform to be the right partner to build on the great foundation they have developed at Principle," noted Jeremy Newsom, Executive Vice President at Platform.Principles founders, led by CEO James Dieter, will continue to manage the business and retain a majority ownership stake in the company. "We are proud of the value that Principle provides to our clients and patients through the critical services we offer and are excited to have a bigger impact in Texas with the addition of available capital and Platforms expertise in helping companies achieve greater success." Principle serves it clients and patients with a focus on service and quality that is driven by the founders and executed by its more than 200 employees. For more information, visit www.principlehs.com.Founded in 2006, Platform Partners LLC is a private investment company based in Houston that makes investments in lower middle-market companies with the intent of growing these businesses into industry leaders through a combination of organic and acquisition growth.